Tag Archives | Christchurch

Bayleys agents have sold 11 commercial properties around the South Island, from Nelson to Queenstown but mostly around Christchurch. They include 2 development sites in Selwyn District Council’s Izone business park and one in the Northfield business park in Papanui (pictured above).

South Island

Canterbury

Christchurch

Burnside

6E Sir William Pickering Drive:Features: 141m² modern office unit; 2 tenants, one on 3-year lease, the other on 2-year lease, both with rights of renewalRent: $30,100/year net + gstOutcome: sold for $430,000 at a 7% yieldAgent: George Phillips

Merivale

Carlton Mews, 21C Bealey Avenue:Features: 92m² ground-floor retail space, insurance payout to be transferred to buyer on settlementOutcome: sold for $525,000 with vacant possessionAgent: George Phillips

4 Iversen Terrace:Features: 1843m² site with large front yard on fringe of the cbd, 1240m² industrial building – 900m² of high stud warehousing, 290m² office area, 50m² mezzanineOutcome: sold with vacant possession for $2.375 millionAgent: Nick O’Styke

Waterloo Business Park, lot 12:Features: 9987m² of industrial landOutcome: sold for $2,197,140 at $220/m² to an investor with tenantAgents: Stewart White, Chris Frank & Alex White

Sydenham

17 Hawdon St:Features: 161m² industrial unit constructed in the early 2000sOutcome: sold with vacant possession to an owner-occupier for $325,000 at land & building rate of $2018/m²Agents: Ben Carson & Nick O’Styke

Wigram

50 Dakota Crescent, unit 4:Features: 292m² industrial unit constructed in the 2000sOutcome: sold with vacant possession for $540,000 to an owner-occupier at land & building rate of $1849/m²Agent: Nick O’Styke

308 Highgate: Features: 200m² site in heart of Roslyn village, 248m² double-storey character office building, one parking space, originally purpose-built as a post office in 1910, with a seismic assessment of 40% of new building standardOutcome: sold to existing tenant for $450,000Agent: Robin Hyndman

Nelson

139 Collingwood St:Features: 399m² of bare land neighbouring Nelson Marlborough Institute of Technology with inner city – intense development zoning allowing for commercial and/or residential development with height limit of 20m (subject to council approvals); used as carpark, but offered with vacant possessionOutcome: sold for $570,000 at $1,428/m²Agent: Paul Vining

24 Water St:Features: 309m² central city site, 610m² meticulously maintained 2-level character office building, seismic assessment 55% of new building standard; national tenant Trustees Executors Ltd, in occupation since 1906, has a 3-year lease from March 2017Rent: $75,000/year net + gstOutcome: sold for $961,000 at a 7.8% yieldAgent: Robin Hyndman

Colliers agents have sold a Victoria Park Market restaurant and a Rosedale office in Auckland. In the South Island, the agency has offices in Christchurch & Dunedin and a quake-damaged motel in Christchurch.

About Bob Dey Property

The Bob Dey Property website is primarily about commercial & development property in Auckland, policies & strategies that impact on the sector, listed property securities and wider economic influences. It examines infrastructure, access & urban design issues, and presents ideas from around the world. The emphasis is on appropriate depth & context.